## 

Exhibit (12)

WELLS FARGO FINANCIAL, INC.       COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

|                                                                |                                                 | Six
Months
Ended
June 30,
2000 |         | Years Ended December 31,
|--------------------------------------------------------------- | ----------------------------------------------- | ------------------------------ | ------- | ------------------------
|
|
|Net income                                                      |                                                 | $                              | 111,267 |                         
|                                                                |                                                 |                                |         |                         
|Add:                                                            |                                                 |                                |         |                         
|                                                                | Fixed charges:                                  |                                |         |                         
|                                                                | Interest including amortization of debt expense |                                |         | 295,799                 
|                                                                | One-third of rentals*                           |                                |         | 6,253                   
|                                                                |                                                 |                                |         |                         
|                                                                | Total fixed charges                             |                                |         | 302,052                 
|                                                                |                                                 |                                |         |                         
|                                                                | Provision for income taxes                      |                                |         | 65,162                  
|                                                                |                                                 |                                |         |                         
|Total net earnings, fixed charges and income taxes  "Earnings" |                                                 | $                              | 478,481 |                         
|                                                                |                                                 |                                |         |                         
|Ratio of earnings to fixed charges                              |                                                 |                                | 1.58    |                         
|                                                                |                                                 |                                |         |                         

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